Agricultural Machinery: 60%
Construction Machinery: 25%
Spare Parts and Services: 15%

Top 3 Markets:
China: 55%
Southeast Asia: 20%
Africa: 10%

First Tractor Company Limited generates the majority of its revenue from the production and sale of agricultural machinery, accounting for 60% of total revenue. Another significant portion comes from the field of construction machinery, followed by spare parts and services.

The company's most important market is China, which generates more than half of the revenue. Southeast Asia and Africa are also significant markets, accounting for 30% of the revenue together. These markets offer growth opportunities, especially through infrastructure projects and the modernization of agriculture.

Production Sites: China

First Tractor Company Limited, a leading manufacturer of agricultural machinery and tractors, mainly produces its products in China. The company has several production facilities in the country, strategically located to efficiently serve both the domestic market and export demand.

These production sites are equipped with modern technologies to ensure the quality and efficiency of the products. China also offers the advantage of a well-developed infrastructure and a large pool of skilled labor, which keeps production costs competitive.

Revenue Growth: Estimated 8-10% annually (2026, based on industry analysis)

Investment in Research and Development: Increase by 15% (2025)

First Tractor Company Limited is pursuing a growth strategy that heavily emphasizes innovation and technological leadership. The company has significantly increased its investments in research and development to develop new, more efficient tractor models that better meet the requirements of modern agriculture.

Another focus is on expanding into international markets, particularly in regions with a growing demand for agricultural mechanization. Through strategic partnerships and joint ventures, the company plans to strengthen its global presence and gain market share.

In addition, First Tractor is focusing on digitizing its products and services to provide more value to customers and increase the efficiency of agricultural processes. This includes the integration of IoT technologies and smart solutions into their machinery.

Main raw materials: Steel, Aluminum, Rubber

Countries of origin:

• Steel: China, Japan
• Aluminum: Russia, Australia
• Rubber: Thailand, Indonesia

First Tractor Company Limited imports essential raw materials such as steel and aluminum, which are needed for the production of tractors and agricultural machinery. China and Japan are the main suppliers of steel, as they have a strong steel industry that provides high-quality products.

Aluminum is mainly imported from Russia and Australia, as these countries are significant aluminum producers and offer competitive prices. Rubber, used for tires and other components, mainly comes from Thailand and Indonesia, which are leading producers of natural rubber worldwide.

These import strategies enable First Tractor to source high-quality materials at competitive prices, which is crucial for the company's cost structure and competitiveness.

Market Share in China: 20% (estimated, 2026)
Revenue Growth: 5.2% (2025)
R&D Expenses: 4% of revenue (2025)

First Tractor Company Limited has a significant competitive advantage in the Chinese market for agricultural machinery, especially due to its strong brand presence and comprehensive distribution network. The estimated 20% market share in China underscores the company's leading position in this sector.

The company continuously invests in research and development, amounting to 4% of revenue in 2025. These investments enable First Tractor to develop innovative products and differentiate itself from the competition.

Despite a moderate revenue growth of 5.2% in 2025, the company remains competitive by focusing on efficiency improvements and cost reductions. The competitive advantage is strengthened by the ability to quickly respond to market trends and customer needs.

Institutional Investor Share: Estimated at around 45% (2026)

Insider Buys/Sells: No significant transactions reported (2026)

The institutional investor share in First Tractor Company Limited is estimated to be around 45%. This indicates a moderate interest from institutional investors, suggesting a certain level of stability and attractiveness of the company to larger investors.

In 2026, no significant insider buys or sells were reported. This could indicate that the management and other insiders have confidence in the current company strategy and see no need to sell or increase their stakes.

Market share of First Tractor Company Limited: Estimated around 8% (2026)

Top competitors and their market shares:

1. Deere & Company: around 20%
2. CNH Industrial: around 15%
3. Kubota Corporation: around 12%
4. AGCO Corporation: around 10%
5. First Tractor Company Limited: around 8%
6. Mahindra & Mahindra: around 7%
7. Yanmar Co., Ltd.: around 5%
8. Claas KGaA mbH: around 4%
9. SDF Group: around 3%
10. Lovol Heavy Industry Co., Ltd.: around 2%

Moat of First Tractor Company Limited:

First Tractor Company Limited has a moderate moat, mainly supported by its strong presence in the Chinese market and its cost-efficient production. The company benefits from government support and deep roots in the local agricultural industry.

Compared to larger international competitors like Deere & Company and CNH Industrial, which have extensive research and development resources and a global distribution infrastructure, the moat of First Tractor is rather regionally limited. These international companies have a stronger technological edge and a broader product range, giving them a significant competitive advantage.

In summary, while First Tractor Company Limited has a solid position in the domestic market, it has a less pronounced moat compared to the leading companies in the industry on a global scale.

Revenue Growth: 8.5% (2025) Profit Growth: 10.2% (2025) Market Share in China: 25% (2025)

First Tractor Company Limited recorded a revenue growth of 8.5% in 2025, attributed to strong demand for agricultural machinery in China. The company was able to increase its profit by 10.2%, indicating efficiency improvements and cost reduction measures.

With a market share of 25%, First Tractor is a significant player in the Chinese market for agricultural machinery. The strategic focus on innovation and expanding the product portfolio could further strengthen the company in the coming years.

The long-term growth prospects are positive, especially given the increasing mechanization in agriculture and the support from the Chinese government for agricultural modernization. These factors could make First Tractor an attractive investment, provided the company can maintain and further expand its market position.

Dividend Yield: 3.5% (estimated for 2026)
Dividend History: Consistent payout over the past five years

First Tractor Company Limited has regularly distributed dividends in recent years, indicating a certain level of reliability. The estimated dividend yield of 3.5% for 2026 is based on the payouts of recent years and the current stock price.

The company has a solid financial foundation and an established market position in the agricultural machinery industry, which contributes to the stability of dividend payments. However, investors should continue to monitor economic conditions and company performance to assess the sustainability of dividends in the future.